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Long covid cost economy $9.6b in lost hours

Long COVID has cost the nation’s economy almost $10 billion in lost productivity.

By Sam McKeith in Sydney

More than one million Australians who contracted long covid at the height of the pandemic cost the national economy almost $10 billion in lost productivity.

Academics from the Australian National University, University of NSW and Melbourne University have found around 100 million labour hours were lost in 2022 due to adults with the condition being unable to work or cutting hours.

Up to 1.3 million Australians were estimated to be living with long covid at the time, the research found.

“We estimate this equates to economy-wide losses, on average, of about $9.6 billion in 2022, or one-quarter of Australia’s real gross domestic product growth that year,” ANU professor Quentin Grafton, one of the study’s authors, said on Monday.

“Our research likely underestimates the economic impact of long covid because it does not account for losses such as healthy employees who can’t work because they’re caring for others with long covid.”

Most workers affected by the condition were aged from 30 to 49.

Valentina Costantino, from UNSW’s Kirby Institute, said the study showed MPs needed to place more emphasis on combating long covid.

There were likely up to 873,000 Australians still living with the condition more than four years after COVID-19 first hit the nation, Dr Costantino said.

“A predominant focus of COVID-19 health policy is prevention of hospitalisation and death from acute COVID-19, with less attention given to long covid,” she said.

Another of the study’s authors, Raina MacIntyre, said strategies to reduce COVID-19 and therefore long covid should focus their attention on indoor air quality and improved ventilation.

“Financial assistance for long covid patients, at least for those unable to work because of their symptoms, such as access to a disability pension, would reduce their economic burden,” Prof MacIntyre, from UNSW, said.

Long covid refers to long-term symptoms such as fatigue, breathlessness and joint pain that some people experience after they have had COVID-19.

The federal government in June announced $14.5 million in grants as part of a $50 million spend to generate better evidence on strategies to manage long covid in the community.

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One Response to Long covid cost economy $9.6b in lost hours

cbrapsycho says: 19 August 2024 at 1:17 pm

If you add in the hours lost by carers as highlighted in the article, as well as the lost productivity due to workers unable to work as effectively as usual (due to their own illness and also the diminished access to other workers on whom they depend to get their work done), the cost is massive!

Still no-one is spending the money or making the effort to improve ventilation and indoor air quality, so increasing the chance of more illness especially as people are no longer wearing masks even when unwell, coughing and sneezing. This is not just covid, but flu & RSV not to mention other illnesses, the risks of new and emerging viruses.

One of the main causes of low productivity is lack of business investment in essential resources, training, staff and infrastructure, not the fault of the workforce, nor under their control to change. Management is at fault.

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